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2 01303910 If my representations in Section 1 are still true in all material respects and if I have satisfied all of the preconditions in Section 2, Borrower and Lender agree that this Loan Modification Agreement ( "Agreement ") will, as set forth in Section 3, modify (1) the Mortgage on the Property and (2) the Note secured by the Mortgage. The Mortgage and Note together, as they may previously have been amended, are called the "Loan Documents." Capitalized terms used in this Agreement and not otherwise defined have the meanings set forth in the Mortgage and /or Note, as applicable. 1. My Representations. I certify, represent to Lender, and agree: A. I am experiencing a financial hardship. As a result, (1) I am in default under the Loan Documents and (2) I do not have sufficient income or access to sufficient liquid assets to make the monthly mortgage payments due under the Loan Documents. B. I live in the Property as my principal residence. The Property has not been condemned. C. Except as approved in writing by the FHA or Lender, there has been no change in the ownership of the Property since I signed the Loan Documents. D. I have provided documentation for all income that I receive. I am not required to disclose child support or alimony, unless I chose to rely on such income to qualify for this loan modification program ( "Program "). E. Under penalty of perjury, all documents and information I have provided to Lender in connection with this Agreement, including (but not limited to) the documents and information regarding my eligibility for the Program, are true and correct. F. I have made all payments required under a trial period plan, as required under the Program. 2. Acknowledgements and Preconditions to Modification. I understand, acknowledge, and agree: A. As a precondition to receiving this proposed modification of the Loan Documents, I must accept and fully execute the Lender's required subordinate mortgage loan (also called a Subordinate Note and Security Instrument). B. Prior to the Modification Effective Date (as defined in Section 3), if Lender determines that any of my representations in Section 1 are no longer true and correct, (1) the Loan Documents will not be modified, (2) this Agreement will not be valid, and (3) the Lender will have all of the rights and remedies provided by the Loan Documents. I IiII II III II III II III I III II III II III II III II I I III I II I I I IIII II I III II I II I I III II II USC +FHAHM +8 9755 II II 1 III II 11 111 I11I I I II I I II III II III II I II II III 11Ill 1 1111 2083082 + Page 2